01 Apr , 2026 By : Debdeep Gupta
The shares of Texmaco Rail and Engineering surged more than 9 percent in the opening trade on April 1 following the order win from JSW Group.
At 09:21am, Texmaco Rail and Engineering was quoting at Rs 86.05, up Rs 7.25, or 9.20 percent, on the BSE.
JSW Group has awarded an order of Rs 357.11 crore for manufacture and supply of BLSS (Bandwidth Lease Service Scheme), BLCS (Bandwidth Lease Circuit Service) and BFNV rakes along with BVCM Wagons.
In its meeting held on March 31 the company board approved 'Texmaco Long Term Incentive Plan (LTIP) Scheme' to create, offer, grant, issue and allot options exercisable into not more than 24,00,000 equity shares of Re 1 each of the company, to key executives of the company in one or more tranches, subject to the approval of shareholders.
On March 29, North Central Railway has awarded an order of Rs 22.91 crore (excluding taxes) for reliability improvement of track circuits by provision of MSDAC in parallel of existing DCTC and other associated work at 14 stations of Prayagraj Division.
In the previous trading session, the share closed down 5.48 percent or Rs 4.85 at Rs 83.60.
The share touched a 52-week high of Rs 189.00 and a 52-week low of Rs 78.15 on 26 June, 2025 and 30 March, 2026, respectively.
Currently, the stock is trading 58.31 percent below its 52-week high and 0.83 percent above its 52-week low.
The market capitalisation of the company stands at Rs 3,206.09 crore.
The company share price declined 55 percent in the last 9 months.
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